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G20 summit to focus on 'currency war' threat to economy

G20 summit to focus on 'currency war' threat to economy

Tension builds over Japan's efforts to drive down yen, but ministers resist crackdown

RUSSELL LYNCH
SATURDAY 16 FEBRUARY 2013

Japan's aggressive attempts to spur on its struggling economy were set to escape censure from the G20 nations today as bickering in Moscow kept alive fears of a "currency war".

Finance ministers at the G20 gathering are understood to have pulled back from explicit criticism of Japan, whose prime minister Shinzo Abe has embarked on a huge programme of monetary and fiscal stimulus to jump start the world's third largest economy out of its third recession in five years.

Read more: http://www.independent.co.uk/news/business/news/g20-summit-t...